- 24 2 05 On A Given Morning Franco Sold 40 Pairs Of Shoes For A Total Of 80 At His Shoe Store The 80 Is A Real Va 1 (23.05 KiB) Viewed 9 times
24. (2.05)) On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. The $80 is a real va
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24. (2.05)) On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. The $80 is a real va
24. (2.05)) On a given morning, Franco sold 40 pairs of shoes for a total of $80 at his shoe store. The $80 is a real variable. The quantity of shoes is a nominal variable. The $80 is a nominal variable. The quantity of shoes is a real variable. Both the $80 and the quantity of shoes are nominal variables. D Both the $80 and the quantity of shoes are real variables. 25. (12.09) Other things the same, an increase in velocity means that A B A transactions per dollar increase so the price level rises. B C D transactions per dollar increase so the price level falls. transactions per dollar decrease so the price level rises. transactions per dollar decrease so the price level falls.